December 19, 2023 Boston
Photonic computing company Lightmatter has now been crowned a Unicorn, raising $155 million at a $1.2 billion valuation. This funding is part of the series C investment round, which helped the company raise $154 million in May, successfully tripling the company’s value at the time. Overall,...
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December 16, 2023 Washington
Washington-based Edge computing firm Armada has announced that it recently raised $55 million for its Edge computing modules and management platform. The funds was raised from investors including Founders Fund, Lux Capital, Shield Capital, and 8090 Industries, with participation from Felicis,...
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December 14, 2023 Virginia
Cielo Digital Infrastructure is now on track to develop a 1.4 million square feet data center facility upon approval from Virginia’s Culpeper Country board. This project will be built on a 121-acre parcel along Nalles Mill Road following the County Board of Supervisors' vote to approve the...
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December 13, 2023 Arizona
Social network company Meta announced this week that it has signed a new renewable energy deal in Arizona with Ørsted to support its Mesa data center with new solar energy from the Salt River Project. Following this contract, the social network company will receive most of the output of Ørsted's...
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December 07, 2023 Arizona
Dutch chip equipment manufacturer ASM International has announced it plans to invest €300 million over a five-year period to expand its R&D efforts in Arizona. The company mentioned that this new 20-acre facility, set to be located in Scottsdale, will create an additional 500 jobs in software...
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December 06, 2023 United States
Liberty Networks and Gold Data have entered a partnership with the aim to develop a new subsea cable system connecting the US and Latin America. This system scheduled to be ready for operation by 2026, will be split into two segments: the Gold Data 1 system and Liberty Networks 1 system. Ray...
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December 05, 2023 United States
Startup Quantum computing startup Extropic which was founded last year by former members of Alphabet’s quantum computing research team has raised $14.1 million in seed funding to build physics-based AI computers. The company plans to build computers that allow generative AI to scale in an...
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December 04, 2023 United States
Ardent Data Centers recently revealed its plans to acquire three data centers as part of a €110 million investment plan. The company mentioned it has successfully agreed letters of intent with two sites in the US and is the preferred bidder on a third in the UK. Once all three sites are acquired,...
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December 04, 2023 United States
Data center and digital infrastructure power and cooling company Vertiv recently purchased liquid cooling business CoolTera. Vertiv is now in charge of the provider of coolant distribution infrastructure, including certain contracts, patents, trademarks, and intellectual property from an...
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November 30, 2023 Illinois
Meta has finally launched its 2.3 million square feet DeKalb, Illinois, data center three years after construction began. According to the company, this construction took over $1 billion to complete and required 1,200 skilled workers. This site is expected to provide over 200 operational jobs in...
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November 30, 2023 California
Broadcom recently disclosed 1,267 layoffs for VMware employees at the Palo Alto, California, headquarters only a day after the layoff plans were announced. This also comes one week after Broadcom completed its acquisition of VMware. A letter from Jill Turner, Broadcom's vice president of human...
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November 29, 2023 Virginia
A group of 20 environmental and climate groups will launch a coalition this week to rein in the data center industry across the Commonwealth of Virginia. The Virginia Data Center Reform Coalition will call for limits to data center development at a press conference on Friday, December 1. The...
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November 29, 2023 Ohio
Concord-Green fire chief Ralph Stegbauer and fire captain Jeffery Skaggs have both passed away while carrying out tower maintenance outside their firehouse in Ohio. Both firefighters were working on the Fayette County, Ohio tower when the mechanical lift they were in overturned. This accident led...
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November 20, 2023 San Francisco Bay Area
OpenAI's co-founder and president, Greg Brockman, has quit the company after the board suddenly fired CEO Sam Altman last week. Brockman, who was initially made to step down as board chairman, has left the company. The board is yet to disclose the exact reason for firing Altman as the company...
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November 19, 2023 San Francisco Bay Area
OpenAI co-founder Sam Altman has been fired as CEO of the artificial intelligence startup as the board denounces confidence in his leadership. In a statement released by the company, the board noted that it “no longer has confidence in his ability to lead.” Mira Murati, OpenAI’s chief technology...
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November 17, 2023 Texas
Data Clean Corporation has acquired Texas-based critical environment cleaning company Sealco LLC, marking its second acquisition since it was bought by Angeles Equity Partners in November 2022. Frank Spelman, managing director at Angeles Equity Partners said, “Sealco is arguably one of the most...
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November 13, 2023 United States
Nvidia has launched H200, its latest high-end GPU for training AI models. This new GPU, identical to the H100, has significant improvements as it features 41GB of HBM3e and a 4.8TBps memory bandwidth compared to the H100's 80GB of HBM3 and 3.5TBps of memory bandwidth. Ian Buck, vice president of...
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November 11, 2023 Tennessee
This week, Aphorio Carter Fund Management Company, the critical infrastructure and data center division of Carter Funds, announced that it had acquired a fully leased enterprise data center property in Collierville for about $13 million. John Regan, chief investment officer of Aphorio Carter,...
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November 11, 2023 United States
Data center directory firm Upstack has acquired technology advisory firm Progressive Communications Management (PCM), which specializes in advising enterprise and midmarket organizations on cloud, network, and communications solutions. Following this acquisition, PCM co-founders Bob Matthews and...
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November 11, 2023 Washington
Australian infrastructure investment firm Palisade Infrastructure this week completed the acquisition of 100 percent of the equity interests in Mashell, Ranier's parent company. Following this acquisition, Rainier Connect has been rebranded as Lightcurve with immediate effect. Mike Reynolds,...
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